Oracle Power (ORCP), the international natural resources project developer, announced that further positive metallurgical results have been returned from the three samples from its 100% owned Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia.
The samples were submitted to Nagrom in Perth for cyanidation bottle roll tests. The results indicate that an average gold recovery of 88% over 12 hours and 92.9% on average over 24 hours can be achieved from the three samples. The positive metallurgical results to date form the basis for a drill programme to define a maiden inferred JORC resource.
Scancell Holdings (SCLP), the developer of novel immunotherapies, announced the enrolment and treatment of the first patient in its multicentre Modi-1 clinical trial (ModiFY) at Imperial College London, Hammersmith Hospital. The study is a first-in-human clinical trial in patients with triple negative breast cancer, ovarian cancer, head and neck cancer, and renal cancer. Modi-1 will be administered alone or in combination with checkpoint inhibitors in patients with head and neck, triple negative breast and renal tumours.
GreenRoc Mining (GROC), a company focused on the development of critical mineral projects in Greenland, announced a significant increase to its Exploration Target at the Kalaaq prospect, part of the Amitsoq Graphite Project in southern Greenland. The company said its focus is to continue building resource tonnage to a level that will support a detailed feasibility study, as part of its strategy to fast-forward this Project into commercial production.
Dekel Agri-Vision (DKL), the West African agriculture company, provided a May production update for its Ayenouan palm oil project in Côte d’Ivoire, and an update on the timing of the ramp-up of production of large-scale cashew processing plant at Tiebissou, Côte d’Ivoire. The company said It has been an extraordinary first 5 months of 2022 with record CPO prices and near record CPO extraction rates, coupled with the weakest high season volumes local industry experts have ever seen. With the colour sorter having arrived on 12 June, the company will be able to ramp up production of the Cashew Operation.
Bluejay Mining (JAY) the AIM, FSE-listed and OTCQB traded mining exploration and development company, said that it is undertaking a review into a demerger and potential separate stock market listing, on a London based stock exchange of its wholly owned subsidiary Disko Exploration Limited. The company said a spin-out of Disko is expected to maximise shareholder value during this time of rising commodity prices and provide shareholders with the increased flexibility of separate listings.
SDX Energy (SDX), the MENA-focused energy company, announce the completion of drilling at the MSD-24 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX WI: 50%). MSD-24 encountered the primary top Asl Formation reservoir at 4,089ft MD (3,276ft TVDSS) and reached a TD of 4,625 feet MD on 5 June 2022. The well encountered 86.5 feet of good-quality, net oil pay sandstone, with an average porosity of 19% in the Asl Formation reservoir. MSD-24 will now be tied-in to the existing facilities and flow tested.
Evgen Pharma (EVG), a clinical stage drug development company, announced a collaboration with Dr Grace Chen, of the University of Michigan, to investigate the potential anti-tumour effects of the Company’s lead asset, SFX-01 in colorectal cancer. SFX-01 is a patented composition of synthetic sulforaphane and alpha-cyclodextrin.
Lexington Gold (LEX), the gold exploration and development company, has now received all of the outstanding assay results with respect to Jones-Keystone further to the Company’s recently completed 5,000m reverse circulation drilling programme. The company said its first ever drill results from Jones-Keystone have exceeded its expectations with multiple intersections of 24m width and over and grades of between 1.37 g/t and 1.69 g/t gold. Additionally, all the gold intersections start above 100m depth and represent commercial grades and mineable widths.
N4 Pharma (N4P), the specialist pharmaceutical company developing Nuvec®, announced an update on its current work programmes. The company said it is “very pleased” with its recent results across oncology, the potential opening up of the siRNA market and the early data coming from UQ on their oral work.
EKF Diagnostics Holdings (EKF), the AIM-listed global diagnostics business, provided an update following the strengthening of its cash position. Within its final results announcement, released on 29 March 2022, the company disclosed that working capital for the period ended 31 December 2021 grew by £6.7m, “particularly as a result of additional inventory carried in the USA”. The Group’s cash, net of borrowings, as at 31 May 2022 increased to £21.2m from £19.6m.
Power Metal Resources (POW), the London listed exploration company, announced a lithium focused exploration update for the Selta Project located in the Northern Territory, Australia, and held by the Power Metal’s 82.78%-owned subsidiary First Development Resources Ltd
Shanta Gold (SHG), the East Africa-focused gold producer has signed binding definitive documents with Stanbic Bank Tanzania Limited for a $20 million loan facility which will be used to accelerate the growth in Shanta’s portfolio. The Company is also provided an operational update for its New Luika Gold Mine in Tanzania where Q2 gold production is expected to be approximately 45% higher than Q1.
Orcadian Energy (ORCA), the low-emissions North Sea oil and gas development company, announced that it had submitted a draft Field Development Plan for the Pilot oilfield to the North Sea Transition Authority (NSTA) and that a structured farm-out process has been initiated for the Pilot oilfield. The company said the Submission of the draft FDP is a further important milestone for the Pilot development and highlights the maturity of the project.
Pelatro (PTRO), the Customer Engagement Hub software specialist, announced its first customer in the fintech space. Pelatro’s mViva has been selected by Orea Money and Banque Nationale d’investissement in Africa to provide its Contextual Campaign Management in a SaaS model to analyse user behaviour, generate predictions using AI/ML based models and increase revenue. The SaaS contract between Orea Money and Pelatro is valued at around $ 1.5 million for an initial period of three years i.e. about $40,000 per month with an option to extend at the end of the initial period.
DeepVerge (DVRG) announced that it will publish its Final Results and Annual Report for the year ended 31 December 2021 on 23 June 2022. The company said that as it prepared to publish its Annual Report demonstrating growth across the whole business, Skin Trust Club has rapidly become a key segment of the Labskin Division. It continues to see accelerated growth in a $145 billion skincare market, Skin Trust Club is the “new era of personalised skin care.”
All Star (ASMO), a Mining Investing Company listed on the AQSE Stock Exchange, advised that it has entered into Heads of Agreement with Gathoni Muchai Investments Limited. The Company has now successfully completed its due diligence over the Blesberg Lithium and Tantalum Project in South Africa and the Nkombwa Hill Tantalum, Rare Earth Elements and Phosphate Project in Zambia.
Oilex (OEX) said it is seeking to approve the change the name of the Company from “Oilex Ltd” to “Synergia Energy Ltd”, consistent with the re-branding of the Company. Subject to the passing of Resolution 1, and the change of name coming into effect, the Company’s proposed new ticker/stock code and market identifier for both ASX and AIM will be ‘SYN’. Hopefully, the new name will coincide with a new, stronger, share price.
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